Despite his prime age and decent production, Hosmer was among the top-level free agents who festered on the market all the way into spring training.

Hosmer, pitcher Jake Arrieta and slugger J.D. Martinez all are represented by agent Scott Boras, who has lambasted major league franchises for a collective lack of desire to compete.

Hosmer's deal is now the richest of this off-season, and the second nine-figure deal signed in eight days, after pitcher Yu Darvish's $125 million agreement with the Cubs. Not before this off-season had free agents signed such a large deal after Feb. 1, let alone after pitchers and catchers reported to spring training.

Hosmer will be the centerpiece of a Padres rebuild that's on the upswing and should be quickly fortified by a farm system generally ranked in the top three among prospect experts.

He will receive a $5 million signing bonus, and $20 million per season for the first five seasons. Hosmer will receive $13 million per season the final three years of the deal.

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